Paper Logo

Economists: SA can avert a permanent downgrade

Thursday, 17 December 2015, 08:23
Share
Economists: SA can avert a permanent downgrade
Generic image
NATIONAL NEWS - Economists say despite Moody’s decision to change South Africa's credit rating outlook to ‘negative’, there’s still an opportunity under the new leadership of Finance Minister Pravin Gordhan to avert a permanent downgrade.

The ratings agency has maintained the country's investment grade at the second lowest, one level above the ranking of Standard & Poor’s and Fitch.

The National Treasury has responded to the credit rating company’s move by saying Gordhan’s reappointment will ensure policy continuity.

Economist Chris Hart says South Africa has a sound financial system and should not be too concerned about its credit rating next year.
 

Read more about: downgrade economy avert

Back to Top

More Group Editors Publications & Online Platforms

PapersImages
PapersImages
PapersImages
PapersImages
PapersImages
Press Council Fair Logo

George Herald proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 0114843612.

Disclaimers | Contact Us

Copyright 2025 Group Editors Company (Pty) Ltd, Registration Number 1963/002133/07 t/a George Herald